SharpLink Now Largest Corporate Holder of ETH, Surpassing Ethereum Foundation

Key Points

1. SharpLink Gaming purchased 74,656 ETH between July 7 and July 13 for around $213 million, increasing its total ETH holdings to 280,706, valued at approximately $881 million.

2. The company has continued accumulating ETH, with an additional 6,377 ETH purchased, bringing its seven-day total to 91,330 ETH.

3. Nearly all of SharpLink's ETH is staked, yielding over 415 ETH ($1.3 million) since early June.

4. SharpLink raised $413 million through an at-the-market (ATM) equity program, with $156 million already used for ETH purchases and $257 million earmarked for future buys.

5. SBET's stock price surged 21.31% during regular trading and another 11.32% in after-hours trading, while ETH's price rose 5.8% in 24 hours and 20.7% over the past week.